Price Analysis View Non-AMP

Terra (LUNA) Price is Surging! Will it Make it to $0.5 in the Next 24 Hours?

Published by
Sahana Vibhute

The lost altcoin, Terra, is slowly gaining momentum as the bulls appear to have become slightly sure of the upcoming trend. The price has rebounded from the same support zone, which it had flipped multiple times in the past couple of months. The buyers appear to have become optimistic over the next price action, and hence the LUNA price is expected to accomplish a bullish pattern to reach the upper resistance. 

Terra is among the altcoins which have a small market cap of around $270 million, while the trading volume has spiked by more than 340% in the past few hours. The raised interest of the market participants indicates a massive increase in bullish sentiments. As a result, the LUNA price has now broken from an extended consolidated phase which may pave the way for a huge bullish rally in the coming days. 

While the target at $0.5 appears to have been triggered, the question arises whether the Terra (LUNA) price will make it to $1.

LUNA price has begun to rise and as the buying pressure appears to be rising, the token is believed to enter the resistance zone between $0.45 and $0.46. The MACD underwent a bullish crossover but remains within the negative range, however, a rise to the interim resistance may elevate the levels within the positive zone. This move could certify a rise from the bearish influence which could set up a fine rise towards the next target close to $0.6. 

The bulls are required to demonstrate some strength here, which may further set up a fine rise to $0.7, which could be a crucial one ahead. The Terra price has been constantly failing to breach these levels during the H1 trade, and as the levels remain untested for over a couple of months, the bears may not remain vigilant at these levels. Therefore, one straight rise to these levels may break the bearish support and initiate a fresh rise to the $1 milestone. 

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Recent Posts

Solana Poised for a Breakout: Bullish Cup-And-Handle Nears $159 Target

Solana is one of the top-performing altcoins in recent times, which is feared to have…

June 9, 2025

Best Crypto to Buy Now as Bitcoin Eyes $115k in July Rally

Bitcoin has rebounded strongly from its $100,000 support zone, holding steady above its 50-day moving…

June 9, 2025

Europe’s First Bitcoin Treasury Firm Plans $340M BTC Buy

Paris-based Blockchain Group is stepping up its Bitcoin game in a big way. The company…

June 9, 2025

Cardano Deviates Before Testing Resistance-Where is ADA Price Heading Next?

The Cardano (ADA) price is navigating a consolidation phase as it trades around $0.662 after…

June 9, 2025

Trump and Musk Set Off Market Alarm , But Could Wall Street Ponke Be the Real Power Move?

As Markets React to High-Profile Feud, One Meme Coin Quietly Rises Check the latest token…

June 9, 2025

Is the Musk-Trump Feud Real , Or a Setup? And Which Coin Will Rise From It?

When Two Titans Collide, the Market Feels Every Shock Elon Musk and Donald Trump’s clash…

June 9, 2025